The automaker is investing heavily in research and development, building new plants and platforms as well as expanding EV lines and production capacity.
, "mainly driven by the U.S. and the Europe," said Chang.
Hyundai eventually wants to penetrate China's consumer market, where the company's exposure is "very much limited at this moment," said Chang. "I think the first step that we're looking at is how we can optimize the operational capacity in China. And the next step should be our focus on the product portfolio, which should be attractive to local customers with the comparable software functions, as well as hardware and design features," said Chang.Hyundai is building a $5.
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